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Gemma Power Systems Receives Notice to Proceed on a 1.2-GW Power Project in Texas

LCG, April 8, 2025--Gemma Power Systems (“Gemma”), a wholly owned subsidiary of Argan, Inc. (“Argan”), has received a notice to proceed on its previously announced engineering, procurement and construction (“EPC”) services contract with Sandow Lakes Energy Company, LLC (“SLEC”) for a 1.2-GW power plant in Lee County, Texas. Construction of the natural gas-fired, combined cycle facility is scheduled to commence this summer, with an expected project completion date in 2028

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NeuVentus Receives Storage Permits for its Texas Reliability Underground (TRU) Hub Salt Cavern Storage Project

LCG, April 4, 2025--NeuVentus, LLC ("NeuVentus") announced this week the receipt of a final order from the Railroad Commission of Texas (RRC) that grants a subsidiary of NeuVentus authority to create and operate 12 salt caverns for storage of a variety of gases (including natural gas and hydrogen) and liquids at its Texas Reliability Underground Hub ("TRU Hub") salt cavern storage project located in Liberty County, Texas.

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Industry News

Hayward, CA Plant Receives License

LCG, Sep. 13, 2002--A 600-megawatt plant proposed by Calpine Corp. received approval from the California Energy Commission Wednesday.

The Russell City plant may be built starting in 2003, with operations expected in 2005. It would qualify as the largest power plant in Alameda County, providing power to the San Francisco Bay area, with Oakland to the north and San Jose to the south.

The plant would burn natural gas in a combined-cycle configuration. The city of Hayward and Calpine had discussed low-priced contracts through which the city would buy some of the output of the facility, but terms have not been made final.

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